How much can I save with a balance transfer?

Your savings depend on the difference in interest rates and the transfer fee. Compare total interest costs under each scenario over your repayment period to find net savings.

Balance Transfer Calculator

Compare total interest cost at your current rate versus a balance transfer offer including transfer fees.

This tool runs in your browser. None of your data is saved or sold.

Balance to transfer ($)

Current APR (%)

Transfer offer APR (%)

Transfer fee (%)

Monthly payment ($)

About This Calculator

A balance transfer moves high-interest credit card debt to a card offering a 0% or low introductory rate. This calculator compares the total interest you'd pay staying on your current card versus transferring — factoring in the transfer fee — to tell you whether the move actually saves money.

Estimates only — not financial, tax, legal, or investment advice. Verify important results with a qualified professional before making decisions.

simulate payoff at current rate; then at (balance × (1+fee)) at new rate; savings = interest₁ − (interest₂ + fee)